New Fortress Energy Inc. (NASDAQ:NFE) ("NFE") today announced it will separate its Brazilian operations into an independent, standalone energy platform ("BrazilCo" or "the Company") as part of NFE's broader recapitalization transaction (the "Transaction") to be implemented via consensual UK Restructuring Plan ("UK RP"). This separation is expected to position BrazilCo for continued growth while strengthening Brazil's energy infrastructure and security.

Following the closing of transaction, the newly independent Brazilian entity, headquartered in Rio de Janeiro, will be owned by a consortium of leading global institutional investors with deep expertise in infrastructure development and long-term value creation, extensive experience investing across Brazilian asset classes and over $20 trillion in assets under management.

The new ownership group is committed to supporting the Company with a strong, well-capitalized balance sheet designed to enable disciplined growth, operational resilience, and long-term value creation. The Company will continue to be led by Brazil-based executives Leandro Cunha and Jeremy Dawson, each of whom brings decades of experience as energy operators. Their continued leadership will help to ensure smooth execution and completion of existing projects in Barcarena, while positioning the business for expansion across southern Brazil utilizing the Company's TGS Terminal in Santa Catarina. With the support of the Company's new shareholders, Leandro and Jeremy will work to maintain strong existing relationships with local stakeholders, customers, investors, contractors, and regulatory counterparties.